Don't Buy Gold in Australia Till You Read All About Australian Gold Dealers

Tuesday, June 10, 2008

Ainslie Bullion

This write up of Ainslie Billion explains who Ainslie Billion are and what they deal in and is well worth reading before you decide to buy gold and silver from their website, www.ainsliebullion.com.au

In all transactions with gold or other precious metal with any gold dealer, it is always a wise thing to do your own due diligence and find out as much about them as possible.

Who are Ainslie BullionAinslie Bullion are a 33 year old Australian bullion company. They began trading as the Australian Bullion Company in 1974, making them the oldest bullion company in Queensland. In 1990 they changed our name to Ainslie Bullion Company and in the early part of 2005 went on line with their website www.ainsliebullion.com.au.

As well as the usual gold and silver bullion, Ainslie Bullion also stock a wide variety of gold and silver coins including the full range offered by the Perth Mint.

"Our Purpose:To provide optimal service and to exceed the expectation of our clients

Our Philosophy:Hold ourselves committed and accountable in the pursuit of client satisfaction. Offer and provide genuine value for money. Acknowledge the loyalty of our clients and deal with them promptly, honestly, professionally in a friendly manner."

They offer same day delivery for city clients and next day delivery for country clients.

The Ainslie Bullion Company offer free storage facilities for storing clients gold and silver bullion. The gold is stored in the Westpac Vault at 260 Queen Street, Brisbane, Australia.

Ainslie Bullion Company welcomes buy-backs, and offers a competitive price on buying back gold and silver. Buy-backs are processed in much the same way as sales, either personally or by telephone order. For telephone buy-backs, the price will be discussed and fixed with shipping arranged at the time of the call. Funds are credited to your nominated bank account once the gold or silver is received by Ainslie Bullion

Ainslie Bullion ProductsThe Ainslie Bullion Company supply the following products:

Some coins, if sold in Australia, will incur a Goods and Services Tax. You should check with Ainslie Bullion for details.

How to Buy Ainslie Bullion ProductsFirstly you will need to open an account with Ainslie Bullion. This will require providing your name, address, contact phone number and verifiable identification. You will then get an Account number and can then buy gold or silver over the telephone or by visiting Ainslie Bullion in person.

All funds must be cleared in Ainslie Bullion's bank account before any gold or silver is shipped. Fabrication and freight will be charged if you decide to take physical delivery of your gold and silver held in a pool account.

The Ainslie Bullion Company will issue you with a holding for each transaction you do via their gold and silver pool accounts.

Ainslie Bullion Company Pricing Policy and Payment OptionsAinslie Bullion also point out that, should you receive a quote for a sale or a purchase that is even more competitive than that from Ainslie Bullion Company, they would welcome the opportunity to either meet or better that quote.

Ainslie Bullion accept callers at their office at Queen Street, Brisbane (next door to the GPO), any time between 9.00am and 4.00pm, five days a week, for an over-the-counter sale, and they will quote an up to the minute price in line with the daily market silver and gold prices.

Payment can be made either by cash, bank cheque, personal cheque, telegraphic transfer or direct credit using internet banking. In the case of personal or bank cheques, please allow 3 working days for clearance, before delivery.

If you are outside of Brisbane or interstate then you can use their telephone service or internet inquiries service to place your order. The order will be placed in your name and held for you free of charge, until you have time to collect it. Alternatively, for a small charge (which includes insurance) your order can be shipped directly to you. Payment must be received on the same day of purchase, either by telegraphic transfer or cash into their bank account.

Ainslie Bullion Gold and Silver Pool Account ServicesThe Ainslie Bullion Company also offer Pool Accounts. These are also referred to as unallocated storage accounts in which a precious metal account is set up for a client but the client does not have title to specific (allocated) bars or coins. The client instead owns a defined unsegmented interest in a pool of precious metals held by Ainslie Bullion. However, the client can receive physical bullion in the form of any type bar or coin normally carried by Ainslie Bullion upon payment of quoted fabrication charges.

More information about pooled accounts is available on goldprice.org. Pool Accounts allow you to buy gold without taking delivery as your gold and silver is held in trust by Ainslie Bullion. There are no safety deposit fees or monthly depository charges. There are also no premiums, bar charges, shipping, or insurance unless, of course, you're ready to receive physical bullion products in exchange.Cost of Gold at Ainslie BullionDue to the volatility of gold and silver with the value changing on a daily basis, Ainslie Bullion Company issue a Daily Price List. The price of gold and silver for the day is set each morning and posted as a PDF file on their website.

You can ring and discuss the price with them if you feel you can do a better deal or have found a better price elsewhere.

The Last Word on Ainslie BullionTrading in Metal Accounts is another facility available from the Ainslie Bullion Company. This has recently become a popular activity with many people due to the keen prices offered. Savings are achieved this way because the metal is usually not fabricated or delivered. All holdings are insured in full of course.

If you have bought any gold coins or gold bullion from www.ainsliebullion.com.au, please feel free to leave your feedback on the quality of service and products including any www.ainsliebullion.com.au online complaints and special attention or service given by www.ainsliebullion.com.au online.